Hunt for the Next Tesla Fuels Wave of Electric-Vehicle Deals
Bloomberg 1/12/2021 David R. Baker, Brian Eckhouse and Josh Saul
(Bloomberg) Wall Street’s obsession with electric vehicles is touching off a new round of public listings and helping clean-tech companies to forge partnerships with powerful allies.
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Proterra Inc., which makes electric buses and battery systems, on Tuesday said it will go public through special purpose acquisition company ArcLight Clean Transition Corp., the latest in a wave of deals between automakers and SPACs. It comes as Lucid Motors Inc. has been in talks to go public via one of Michael Klein’s blank-check companies, according to people familiar with the matter.